The EUR/USD is challenging the resistance at the 20-day exponential moving average (EMA) of 1.10500. With a successful test of this resistance level, the EUR/USD is expected to continue towards the next resistance level, which is situated at 1.10900.
1.10280 is support, while 1.10730 is a level of resistance. The Pivot Point at 1.10470 is placed between the lines of support and resistance, and the price is now below it. The EMA of 10 is moving in a bullish manner below the EMA100 and 200 moving in a slight bearish trend. The MACD histogram is in positive area, and the RSI is moving upward to the 70 points. There is little movement in the Stochastic which is located in overbought area. There is a rising signal in ADX.
• There is resistance at 1.10730, followed by resistance at 1.10920 and 1.11180.
• There is support at 1.10280 Below, there is 1.10020 and 1.09830.
Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.
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